China’s Industrial Robot Firms See More Orders From EV-Makers

What’s new: Chinese industrial robot producers have received more orders from manufacturers of new-energy vehicles (NEVs) and their batteries, as the fast-expanding vehicle market continues to boost demand for upstream businesses, according to the corporate exchange filings.

MH Robot & Automation Co. Ltd. (301199.SZ) said Thursday that it had won 490.4 million yuan ($68.1 million) worth of orders from BYD Co. Ltd. for its truck production lines — the expected sales would exceed 50% of total revenue last year.